Greenlane Biogas North America Ltd. Signed $15.2 million in New Supply Contracts
The first contract, worth $12.6 million, is for the supply of biogas upgrading and related equipment for a multi-location dairy farm cluster located in California. Greenlane’s biogas upgrading systems will create clean renewable natural gas for injection into the local gas distribution network owned and operated by Pacific Gas and Electric Company. The second contract, worth $2.6 million, is part of the same cluster, however, is subject to final financing approval. The name of purchaser is being withheld at this time.
“This is a major contract win for us, representing over 185% of 2019’s revenue, for a showcase project in the California dairy industry that will meaningfully contribute toward the State’s greenhouse gas reduction targets,” said Brad Douville, president & CEO of Greenlane. “This is Greenlane’s fourth and largest project to-date to upgrade biogas to high quality RNG for injection into the California gas pipeline system. We’re working with a high caliber team including a dynamic project developer and one of the largest and most experienced players in the RNG industry in the US. We are proud to have been selected as the technology provider for this exciting and important project.”
By Renewable Energy Magazine